In 2021, global chip sales surged 26.2% to a record $555.9 billion. The number of units shipped in 2021 also reached a record 1.15 trillion, as chip makers worked to meet spiking demand.
Chips sales hit record highs in 2021 amid a continuing global semiconductor shortage, according to a trade group, prompting one Wall Street analyst to hike his already healthy growth estimates for 2022.
“In 2021, amid the ongoing global chip shortage, semiconductor companies substantially ramped up production to unprecedented levels to address persistently high demand, resulting in record chip sales and units shipped,” said John Neuffer, SIA chief executive, in a statement. “Demand for semiconductor production is projected to rise significantly in the years ahead, as chips become even more heavily embedded in the essential technologies of now and the future.
In December, world-wide chip sales rose 28.3% to $50.9 billion, and fourth quarter sales rose 28.3% to $152.6 billion from a year ago, according to SIA. Following the report, Evercore ISI analyst C.J. Muse raised his 2022 chip sales outlook to $645 billion, 16% higher than 2021, from a previous estimate of $630 billion to $635 billion. Subtracting memory sales from the mix, Muse expects $462 billion, up from a previous forecast of $455 billion.
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